Frederick County Bank Mortgage Rates, Fees & Info
FREDERICK, MDLEI: 549300BNT2ED14J2RB94
Tax ID: 52-2276843
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Frederick County Bank is a smaller bank specializing in Home Purchase loans. Frederick County Bank has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Baltimore, Hagerstown, Crestview, and Salisbury among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)Frederick County Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
91Origination Dollar Volume (All Markets)
$22,885,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 78 | $20,280,000 | $260,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 4 | $1,230,000 | $307,500 | $0 | 0.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 6 | $690,000 | $115,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 91 | $22,885,000 | $251,484 | $0 | 0.00% |
For 2018, Frederick County Bank's most frequently originated type of loan was Conventional, with 91 originations.
Loan Reason
For 2018, Frederick County Bank's most frequently cited loan purpose was Home Purchase, with 66 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 91 | $22,885,000 | $251,484 | $0 | 0.00% |
For 2018, Frederick County Bank's most frequently cited loan duration was Other, with 91 originations.
Loan Sizing
2018 saw Frederick County Bank place emphasis on $200k-400k loans with 32 originations, totaling $9,560,000 in origination value.
Applicant Income
Frederick County Bank lent most frequently to those with incomes in the $150k-250k range, with 11 originations. The second most popular income band? $100k-150k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 91 | $22,885,000 | $251,484 | $0 | 0.00% |
Frederick County Bank lent most frequently to those with DTI ratios of Exempt%, with 91 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.30%
Frederick County Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination85.71%
Frederick County Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 91 | $22,885,000 | $251,484 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 10 | $5,940,000 | $594,000 |
| Single Family (1-4 Units):Site-Built | 81 | $16,945,000 | $209,198 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Fortren Funding LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| Fortren Funding LLC | Conventional home mortgage | Closing on a mortgage | 1 | 50.0% |